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"Development on existing sites, especially in large cities, often comes with additional costs and challenges compared to conventional greenfield development, despite urban development often selling for above-average values per square foot."
"Prime Scottish sales have picked up post-summer, with prices holding steady. Looking ahead, the market will continue to be supported by cash purchases. But with more choice for increasingly discerning buyers, appropriate pricing is now essential to maintain the rate of agreed sales"
"Prime activity across Scotland is defying expectations, with an annual increase in £500,000+ sales"
"Scotland’s prime market has witnessed a positive start to the year with constrained supply underpinning values. However, as a wider selection of properties become available, realistic pricing will be essential in order to convert underlying levels of demand into transactional activity"
"Looking further ahead, the prime Scotland market will remain robust as the value gap and quality of life, alongside the strength and depth of Edinburgh and Glasgow’s economy, means there’s more capacity for growth, and we expect the markets here to outperform the overall prime UK market over the next five years"
"Demand continues to outweigh supply"
"Prime residential property in Scotland continues to operate well above pre-pandemic levels"
"Pent-up demand for homes has been amplified by changing buyer needs, with a renewed appetite for space"
"Demand remains strong across Scotland’s city and country locations; however, we advise sellers to remain realistic on price expectations as a wide selection of properties becomes available"
"Our outlook factors in a range of key economic influences – the low cost of debt, low levels of price growth pre-Covid, stamp duty support and, of course, Brexit"
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